Business

[ad_1] Image copyright Getty Images The Financial Conduct Authority, which regulates the country’s biggest firms, has revealed it pays its male staff a fifth more than its female staff. The watchdog’s median gender pay gap was 21.2% in 2018 – up from 20.9% in 2017 despite a pledge to improve. The average gap across all […]

[ad_1] Image copyright Horizon Nuclear Image caption Work on Wylfa Newydd would start in 2020 if it gets the final go ahead Hitachi has announced it will suspend work on a multi-billion pound nuclear plant in the UK. The decision follows speculation that it would scrap the £20bn Horizon nuclear facility because of concerns over […]

[ad_1] Image copyright Joel Von Allmen Image caption Hermes only moved into men’s watches seven years ago. It’s new Arceau L’Heure de la Lune sells for £20,500-plus Hermes may be a big cheese in the world of luxury goods, but in the world of Swiss watchmaking it is something of an outsider. First, it is […]

[ad_1] Image copyright Getty Images Image caption The fact that President Trump’s limousine is a Cadillac is said to have helped the US carmaker’s sales in China If you’re selling Cadillacs in China, it helps that the US president is driven around in one. Cao Chenyi, the boss of a Cadillac dealership near Shanghai, told […]

[ad_1] Image copyright Getty Images Commuters and students are being short-changed by the government, the Lords Economics Affairs Committee has said. The Retail Prices Index (RPI) inflation measure, used to calculate rises in student loan repayments and some train fares, is flawed, it said. Moreover, the government is using different inflation measures to maximise funds […]

[ad_1] Image copyright ASA Image caption Tests revealed the jumper contained real fur – likely to have come from a rabbit Clothing retailers have been told to take immediate action to ensure items they advertise as containing fake fur are not made from real fur. The UK’s advertising watchdog has given them a deadline of […]

[ad_1] Image copyright Reuters If UK motorists plan to drive abroad after 29 March, they need to act soon or risk breaking the law. That’s because a no-deal Brexit would leave drivers needing to have a Green Card to prove they have insurance. EU regulations will hit businesses and individuals. They will also apply to […]

[ad_1] Image copyright Getty Images Surveyors and estate agents reckon the housing market outlook over the next three months is the worst for 20 years. A net balance of 28% of Royal Institution of Chartered Surveyors (RICS) members expect sales to fall in the next three months. It’s the most downbeat reading since records started […]

[ad_1] Image copyright Reuters Image caption Huawei is one of the world’s biggest smartphone-makers The US is reportedly investigating Huawei for “stealing trade secrets” from American business partners in the latest action against the Chinese technology giant. The criminal inquiry was first reported by the Wall Street Journal (WSJ). It comes as the Trump administration […]

[ad_1] Image copyright Getty Images The boss of Procter and Gamble, maker of Fairy liquid and Gillette razors, says its products could cost more if the UK leaves the EU with no deal. Tariffs the company may have to pay would be added to grocery bills, David S. Taylor told the BBC. “If it’s a […]

[ad_1] Image copyright Getty Images The owner of Patisserie Valerie has said an accounting scandal it revealed in October was worse than it thought. Its probe has found found “extensive” misstatement of its accounts and “very significant manipulation of the balance sheet and profit and loss accounts”. This includes thousands of false entries in its […]

[ad_1] Image copyright Getty Images Goldman Sachs new boss has apologised to Malaysia for the role an ex-partner played in the corruption scandal at one of the country’s wealth funds. However, chief executive David Solomon also distanced the bank from the scheme, which saw billions embezzled from the state development fund, 1MDB. He said Goldman, […]